The air cargo industry has demonstrated notable resilience following the 2024 peak season, with declines in demand and rates being less severe than anticipated. Recent data indicates a more stable market environment as the sector transitions into 2025.
Key Insights:
- Moderate Decline in Demand: In December 2024, the industry experienced a 5% year-on-year decrease in demand, a milder drop compared to the 8% and 9% declines observed in June and July, respectively. This suggests a stabilization in market demand as the year concluded.
- Capacity Adjustments: Available cargo capacity in December 2024 reached 93% of the 2019 level, indicating a gradual return to pre-pandemic capacity. This recovery in capacity has contributed to a more balanced supply-demand dynamic in the market.
- Yield and Rate Trends: The general airfreight spot rate in December 2024 registered a 35% year-on-year decline. While this represents a significant decrease, it aligns with market expectations as capacity increases and demand normalizes post-peak season.
Industry Outlook:
Analysts suggest that the air cargo market is approaching a period of stabilization. The combination of recovering capacity and a moderated decline in demand points toward a more balanced market environment moving forward. However, industry stakeholders are advised to remain vigilant, as external factors such as geopolitical tensions and economic fluctuations could influence future market dynamics.
For more updates on developments in the logistics industry, stay tuned to The Logistic News.
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